63 Commerce Park Dr ,
Westerville, OH 43082
Most may not think that they need umbrella insurance. It is not until a major accident occurs that they come to realize how much of a necessity insurance is in their life. Umbrella insurance is more than just an option. The policy is a safety net that can keep you from financial ruin.
The representatives from one of our six locations at Associated Insurance Agencies, Inc. can tell you that umbrella insurance is the coverage behind your standard indemnity plan. This type of assurance pays when your policy limits fall short of the damages.
Say, for instance, you have an auto accident that costs $40,000 to rectify. Your policy limits, however, only cover up to $30,000 per incident. An umbrella insurance plan covers the $10,000 difference so that you do not have to pay out of pocket with the funds.
Umbrella insurance is as a life-saver when you own an apartment building. This type of plan lets you meet your obligations without having to pay thousands from your personal funds. Umbrella insurance also has the power to spare you from a lawsuit since a tenant can take legal action if you do not fulfill all of the terms of the lease.
Your umbrella indemnity plan may cover the following incidents in Ohio:
Umbrella insurance works like your traditional insurance plan with policy limits and deductibles. You may find that you have more coverage when you select a plan that comes with higher premiums. At the same time, you may discover that a low deductible requires higher monthly payments, which may not be the ideal choice for your lifestyle.
A representative at Associated Insurance Agencies, Inc. in Westerville, OH or one of our six locations can help you find the umbrella insurance plan that works best for your situation. Call us today for a quote